Frac Sand Weekly News Digest

Pete Cook, Editor

Issue #287 | September 2, 2020

The huge news is the Schlumberger – Liberty Oilfield deal this week, which we have well-covered in this week’s news digest.  On top of that, Infill Thinking has some very interesting articles on the state of the frac sand world, the Permian, and the bankruptcies.  Well worth the read.

Last week we also spent a couple of days at the Hyatt Regency Hill Country Resort, preparing for the 9th Annual Frac Sand Supply & Logistics Conference being held in November.  Hyatt is well-prepared to host our conference (they had a large conference kicking off last week as well…over 100 exhibitors, plenty of attendees, etc.).  Social distancing will not be an issue.  We’ll also have more networking events outside or in a covered pavilion.  Based on how things are quietly trending in North American onshore and in frac sand, you do not want to miss this conference!  Lots of networking, great discussion, and deals will be done!  I also was able to play 9 holes on their course, which was really nice.  Don’t forget to join us for the Golf Outing after the close of the conference.  We’re looking forward to seeing you there!  Learn more and register here: https://petroleumconnection.com/event/9th-annual-frac-sand-supply-logistics-conference/

Now the news…

This Week's News

The Permian Frac Sand Market Could Get Interesting In 2021

With the Permian frac sand market (indeed the entire US frac sand market) as loose and cheap as it is today, it’s hard to imagine tightness ever returning. But could tightness be closer than most...

Schlumberger to Contribute North American Pressure Pumping Business to Liberty

Liberty Oilfield Services and Schlumberger announced an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including its pressure pumping...

Schlumberger Sale Marks Shale Turning Point

Schlumberger agreed to sell its U.S. and Canadian fracking business, a turning point for the shale industry as the world’s biggest oilfield servicer abandons the work that spawned the past decade’s North American oil boom...

Project Stars Complete – Schlumberger’s Frac Team Turns Over The Keys To Liberty

The deal, code named “Project Stars” per the deck title, makes Liberty the proud owner of frac sand mines for the first time in their history. And after the deal closes near year-end, Liberty will have 2.5mm HHP – they’ll be second only to Halliburton in the pressure...

Quick Look at Schlumberger OneStim and Liberty Merger

Spears & Associates team merged Liberty and SLB OneStim on paper. The actual deal will be consummated Q4 2020, but here's how we have revenues trending for the combined entities for 2019 and 2020...by quarter...

In Other News… 4 Quick Hits From Frac Land

In addition to the in-depth updates published during another interesting week in the frac life, these four quick hits also crossed our desk and are worthy of a mention…

Texas Appeals Court Wipes Out $31.6M Verdict From Frac Sand Trucking Accident As 'Excessive'

A three-judge panel of the Court of Appeals for the 12th District in Tyler, Texas, has granted FTS International Services and one of its former drivers a new trial over what it deemed an "excessive" $31.6 million verdict awarded to a motorist allegedly injured during an accident...

The Past 2 Weeks Don’t Make A Trend, But 2 More Will…

+10. Flat. Those are the weekly changes the US land rig count has posted for the past two weeks.  This is significant because it’s the first two back-to-back “non-negative” weeks for the US land rig count since March...

Solaris Oilfield Infrastructure: Activity Rebound Can Overcome Weak Sales

SOI's management is optimistic about a completions activity revival in Q3...

Not Something You See Every Day…

Per his LinkedIn profile, Daniel Miers has just joined Solaris as Executive Vice President Corporate Development...

Frac Sand Silos and Load-Out Bundle for Sale

There is a used load-out system available for sale in Texas. The package includes two scales, silo structures, and four 200-ton silos. It is being sold as a package, so please do not inquire about buying a portion of it. Contact Pete Cook (pcook@petroleumconnection.com) for the price and, if you are interested, an introduction to the seller.

Advertiser Space Available

Trump moves to open up drilling in national forests

The Trump administation is revising regulations governing oil and gas drilling across more than 190 million acres of U.S. forest land in a bid to increase the nation’s energy production...

Oil climbs near $43 a barrel with renewed support from dollar

Oil rose to trade near $43 a barrel in New York, with support from a weaker dollar and expectations of a further decline in U.S. stockpiles...

Is Argentina’s Shale Too Expensive To Drill?

It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas reserves of 308 trillion cubic meters—resources that could guarantee a country’s energy independence and turn it into a relevant international supplier of oil and gas.  But only if the price is...

Supporters worry Covia’s bankruptcy filing could leave fate of Kasota Prairie undecided

One of the country’s largest silica mining companies filed for bankruptcy protection earlier this summer. Now, as the case winds its way through bankruptcy court, a local environmental group is worried that it will leave the future of a southern Minnesota prairie in limbo...

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